Collections news at your fingertips

Stay up-to-date with the latest news and developments in the collections industry.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

January

3
2024
Trends

US national debt tops $34T for first time in history

The national debt – which measures what the U.S. owes its creditors — hit $34 trillion as of Friday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.

Read post

January

3
2024
Industry News

US insurance giant First American confirms it was hit by a ransomware attack

First American, one of the largest insurance companies in the United States, has confirmed the cyber-incident it suffered in late December 2023 was indeed a ransomware attack.

Read post

January

3
2024
Compliance

New Consumer Law Rights Taking Effect in 2024

This article lists federal and state consumer law rights scheduled to go into effect or expire, during the period from December 1, 2023, through January 1, 2025. Other consumer law changes will be enacted later in 2024 and will go into effect in 2024; this article lists changes whose effective dates have already been scheduled.

Read post

January

3
2024
Industry News

ATTORNEY GENERAL HENRY ENSURES CANCELLATION OF $218,000 IN EDUCATION DEBT FOR STUDENTS OF SHUTTERED PITTSBURGH CAREER INSTITUTE

HARRISBURG — Attorney General Michelle Henry announced an agreement with recently-closed Pittsburgh Career Institute that ensures dozens of students are free of $218,000 in debt balances that were outstanding when the school closed in November.

Read post

January

3
2024
Industry News

CFPB to distribute nearly $6 million to consumers harmed by predatory loans to veterans

In December, the CFPB sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. Five people and their companies misled veterans and other consumers into selling their pension and disability payments, which is illegal under federal and relevant state law. These transactions were instead illegal high-interest loans.

Read post

Weekly newsletter

Get DebtHub's weekly newsletter, packed with the latest economic trends, compliance news, and strategy insights that matter to collections professionals like you.